KIB extends the best automotive financing offer for 2023 GMC SIERRA cars

Press release
Published March 6th, 2023 - 07:25 GMT

KIB extends the best automotive financing offer for 2023 GMC SIERRA cars
KIB spares no effort in developing innovative banking and financing products and service
Highlights
Kuwait International Bank (KIB) announced the extension of the best financing offer of its kind on GMC SIERRA cars, which includes a 5-year Musawama financing

Kuwait International Bank (KIB) announced the extension of the best financing offer of its kind on GMC SIERRA cars, which includes a 5-year Musawama financing, with profit repayment equal to 3 years only, and 3 year / 100,000 km warranty. The automotive financing promotion comes within the framework of the Bank’s partnership with GMC’s local agent Mohammad Saleh and Reza Yousuf Behbehani Company.

Commenting on the extension of the offer, Acting Head of Central Sales at KIB, Abdulaziz Al-Shammari, said, “Today, we continue to provide The Best auto financing offers of its kind in Kuwait. KIB is keen to consolidate our strong relations with elite car dealerships and companies in Kuwait, with the aim of continuing to provide unique and unprecedented financing offers to KIB customers and to give them the opportunity to own the most luxurious cars, with exclusive benefits in line with their expectations and fitting their modern lifestyle.”

Al Shammari further added that the offer extension came on the heels of the positive reaction it witnessed from customers, based on its range of exclusive benefits. The offer was specifically designed as part of the strategic partnership the Bank recently signed with GMC’s exclusive local agent Mohammad Saleh and Reza Yousuf Behbehani Company – with GMC cars ranked among the most popular and the most well-established brands in the world, and among the best-selling in Kuwait and the Arabian Gulf region.

Under the umbrella of its corporate slogan “Bank for Life”, KIB spares no effort in developing innovative banking and financing products and services, and offering them expansive solutions and facilities that meet the growing needs of its customers. The Bank is especially eager to fulfil their wishes of obtaining the latest car models, notably GMC cars.

 

Background Information

Kuwait International Bank

KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company.  It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank. 
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.

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